Author: Reuters,Bloomberg
Japan’s new prime minister, Shigeru Ishiba, appointed only two women out of the 20 members in his cabinet. This decision has been criticized as a step backwards in Tokyo’s efforts to increase female representation in politics. Junko Mihara was chosen to handle children’s policies and Toshiko Abe was given the role of overseeing education, both seen as lower-profile positions. The previous cabinet under outgoing prime minister Fumio Kishida had a quarter of women members, a record for Japan but still below international standards. The push to increase female lawmakers from 10% to 30% within the next decade is now in…
Troubled Malaysian state fund 1MDB has filed a lawsuit against Patrick Mahony, an executive at Petrosaudi International Ltd., seeking US$1.83 billion over a 2009 joint venture with the oil exploration firm. 1MDB claims it was misled into believing that a Saudi king owned Petrosaudi, leading to a joint venture that resulted in a complete loss of its investment. In a court filing to the Kuala Lumpur High Court, 1MDB alleged that Mahony helped misappropriate funds alongside individuals like Najib Razak and Jho Low. The state fund also named UK-based law firm White & Case LLP as a defendant, accusing them…
AstraZeneca announced plans to construct a US$1.5 billion manufacturing facility in Singapore dedicated to producing antibody-drug conjugates (ADCs), a promising category of cancer-killing drugs. The Singapore Economic Development Board will support the project, although specific financial incentives were not disclosed.This facility marks the first of its kind for AstraZeneca, designed to oversee the entire production process of these important medicines. ADCs have shown potential in revolutionizing cancer treatment by delivering the active ingredient directly to cancer cells while sparing healthy ones.CEO Pascal Soriot’s move aims to ensure AstraZeneca’s self-sufficiency in supplying major markets and reduce dependence on China. The company’s…